1.What is the purpose of participating in REI and what are your expectations from this mega event?

 

Sungrow brand positioning as for the last two years Sungrow has not participated in the REI due to covid scenario prevailing in the country. This time REI will run on its full capacity so there is expectation that huge crowd including top dignitaries and influential people from renewable sector will attend the event. We have one of the largest set up in the renewable sector featuring latest products apart from the current running products there to cater different sector demands. So we are fully excited to showcase our strengths among the customers and other prospects.

 

2.Going forward, what role do you see your organization playing in the future development of solar panels and inverters?

 

Sungrow is the first company to introduced highest rated central inverters (3.125 MW and 5 MW) as well as most powerful string inverters of 220 kW and 295 kW in solar market and other followed the same. We always strive and develop new products based on customers and market demand feedback. Further, in support of “Make in India” initiatives of Govt of India, Sungrow has set-up 10 GW manufacturing capacity factory for Solar PV Inverters at Bengaluru and offering “Made in India” products to Indian as well as some overseas market also. With all these advancements Sungrow India retaining no. 1 position with a market share of above 30% in solar PV inverter segment continuously since last 3 years, we are geared-up to further increase it with technological advancement and introduction of innovative Globally accepted products, which ultimately helps in lower LCOE.

 

3.The company is focusing on Renewable Energy; can you shed some light on the current Renewable Energy Market both in Indian as well as in the global context? 

 

Sungrow is offering various products for RE industry with a mission of “Clean power for all”. Specifically for Indian market, Sungrow is optimistic and having long term plan to serve RE market. Sungrow, in addition to solar PV Inverters introduced in India’s RE market- Battery Energy Storage System solutions (BESS), solar floats, module cleaning robotics and also have plan to introduce some more products in near future. In terms of potential and growth of RE market, solar now growing 10-12 GW every year and in addition while looking the Govt plans for RE development, Sungrow looking forward with much of positive vibes that specifically solar market may grow above 15 GW annually, however, there are some challenges, which need to be addressed to achieve these targets of solar and RE developments like long term policy, resolution to supply chain challenges in manufacturing of RE equipment’s in India. Sungrow is the only company who has the RE business in over 150 countries across the Globe and experiencing RE deployment in almost all regions and countries.

 

4.Please highlight some interesting facts about your uniquely named products.

 

We have the largest capacity string inverter SG320HX tooptimize utility scale plant design with string inverters with different module configurations

We have bridged the gap with string and central inverter capacities by launching 1+X series inverters which offer multi MPPTs while maintaining the comfort of using central inverters.

We have further optimsed the design of the central inverters with plug and play components to have faster maintenance times without requiring highly professional personnel at site

With a focus towards Future co-located BESS and PV projects, we have made the same design platform for PV inverters and Battery PCS, so as to share the spares lower the inventory costs of maintaining spares at site.

 

5.Tell us about your commitment towards Solar Sector in India & your strengths to achieve your targets. 

 

Being a Global company, we are always committed to providing the best innovative and quality products to RE Industry. We believe to provide cost benefits to users/customers by offering them a solution that can optimized the LCOE. Also, we are always open to take feedback from the customer and further optimize the design of the solution. 

Sungrow is committed to serve solar sector for long term in India and innovate its products as did in past too in line with customer and market demand. Sungrow’s core strength is expertise in Power conversions technologies and develop its products. In addition, Sungrow also has 25 years of experience in the solar industry and serves in 150 countries, having achieved the No. 1 position in India's solar PV inverter segment and becoming a global leader. Sungrow has deployed 270 GW of PV and energy storage equipment worldwide. We have 145GW of annual manufacturing capacity globally (largest in the sector). As per Bloomberg NEF, "Sungrow is the most bankable inverter brand" consecutively last three years.

 

6.What are Sungrow's highlights in 2021 & 2022? What are the company’s hopes in 2023?

 

Sungrow brand acceptance across the segment (residential, C&I and utility), expansion and inauguration of 10 GW Solar PV inverter manufacturing unit in India in early 2022, introduction of battery energy storage system (BESS) and introduction of new “1+X” Modular Inverter which is the most innovative central inverter are the major highlight for 2021-2022. Presently, if we talk about the Indian solar industry, the trends and sentiments are negative due to increase in solar equipment’s prices specially the cell and module, electronic components, it was expected that approx. 15 GW of solar may be added in 2022 but it seems difficult as not much time left. However, we are very optimistic in coming year where Govt in policy front as well as industry stakeholders will take appropriate steps to reignite the solar industry. Sungrow, is prepared to serve solar market as per demand arises.

 

7.Sungrow possesses a dynamic technical R&D team. How many R&D centres does Sungrow have and how do they work? 

 

In simple words we can say core technology is the permanent power of Sungrow and i. e. the power conversion technologies and to excel in it Sungrow have largest R&D team in the sector having 40%+Proportion of Technical R&D Personnel and 4400+Cumulative Patent Applications.

 

8.Kindly tell us about Sungrow’s milestones?

 

Sungrow India started journey in 2014, where we installed our first project for utility scale in Rajasthan. In 2017, we achieved 1 GW then in 2018 we crossed 3 GW shipment in India. In support of “Make in India” initiative of Govt India, Sungrow established 3 GW solar inverter manufacturing facility at Bengaluru in 2018, which is now expanded to 10 GW annually and inaugurated in early 2022. Gradually, we are growing every year; the market share of Sungrow is evident for same which is above 30% continuously in last three years. Every year we are adding approx. four and a half GW of annual supply/shipment in India. We have already shipped 14 GW of inverters to Indian market till now and Sungrow is the only company in inverter segment who has crossed 14 GW in India as yet.